US law dont work here, In china they Banned ICO , will india fallow it ?
Australia allow men to men marriage will india allow it ?
If you go with Stock trading laws after 1 yr no tax need to be given else 15%
If they are not protecting us they are no right to ask tax for it .
We live in democracy our law is different
No tax need to be paid , If you get notice from them ask them in return under which law they are asking because RBI is already said people do it you own risk we dont help you.
Thanks
When did I say law of the US works here too?
This is not stock trading.
They protect us or not, it does not matter. ANY profit is taxable unless exempted.
That's not how democracy works.
No you cannot answer a Tax notice with another senseless question. Pay your taxes.
Dont become modi and take uturn you referred coinbase.
Now kindly let us know which tax we need to pay then income tax or like someone said Long term/ short term tax ?